The new site will hold 110 storage units, painted in Lock Stock’s distinctive dark green livery, a mix of 10- and 20-footers and it takes the number of units at their three Bangor sites up to more than 250.” Students at a Welsh university city are helping fuel the growth of one of the UK’s biggest containerised self-storage companies. The demand for storage space, especially outside term time, is one of the reasons Denbigh-based Lock Stock Self-Storage has just opened its third storage park in Bangor. Enquiries from the university’s…
Category: Development News
Stor-Age Boosted By Strong Rental Growth, Low Churn – With Five New Facilities Being Built
In the UK, the group plans to develop five new properties, at a cost of £64 million (roughly R1.44 billion). This will add an estimated 270 000 square feet (about 25 110m2) in the gross lettable area to the portfolio.” Stor-Age, SA’s biggest self-storage property fund, says customer churn levels remain below pre-pandemic levels, while average rent climbed by 7.3% in South Africa, and more than 8% in the UK over the past year. Valued at about R5.9 billion on the JSE, Stor-Age’s portfolio comprised 86 self-storage properties across…
More Than 70,000 Sq Ft of New Energy Efficient Warehouse Space in Birmingham on the Way
Several of the units have already been pre-let to occupiers including self storage operator SureStore, which has taken the largest 17,222 sq ft building.” More than 70,000 sq ft of energy efficient warehouse and trade counter space is set to be created in a prime roadside location in Birmingham. Legal & General’s IPIF Fund and Prime Box have secured planning permission to deliver Prime Park on a 3.4-acre brownfield site off Hamstead Hill in Hamstead, just four miles north of Birmingham City Centre. Located next to a new Lidl superstore,…
Cinch Storage Opens Newbury Facility in Faraday Road
A brand new storage business opened its doors in Newbury this week. Cinch Self Storage opened its 12th UK facility in the town on Monday and the storage business provides more than 51,000 sq ft of lettable space to customers. Cinch’s Newbury facility is located in the former home of the Newbury Weekly News, at the end of Faraday Road in the London Road Industrial Estate. Co-founder of Cinch Storage Richard Owen said: “We are proud to be a part of the Newbury community, an area which has been underserved…
Vanguard Self Storage Opens New Storage Facility at Staples Corner
The new Vanguard Storage location is well-positioned to serve Brent Cross, Wembley, Neasden, Golders Green, Cricklewood & Hendon. Family-run self storage company, Vanguard Storage, has announced the opening of a brand-new branch; its sixth store in London. Strategically situated at Staples Corner, the branch will serve customers in Brent Cross and surrounding areas, such as Wembley, Neasden and Golder Green. We are very proud to be opening a flagship store at Staples Corner. We hope that, in time, the building will become a landmark of the North Circular…
Redefine Properties Enters Polish Self-Storage Market
The Polish self storage industry is in its infancy, with a much lower penetration rate than in other European countries, according to the source. It’s expected to grow at a compound annual growth rate of more than 8% over the next three years” Redefine Properties, a South Africa-based real estate investment trust (REIT), is diversifying its portfolio by investing in self storage in Poland. The company is collaborating on the venture with strategic partner Griffin Capital Partners, an investment and asset manager that specializes in commercial, office and residential…
Storage Giant Launches New High-Security Storage Facility in Bridgend
Storage Giant has always been a go-to choice for start-ups and entrepreneurs to establish their SMEs in our office and storage spaces, or for larger firms to set up satellite offices, and we know this is something local entrepreneurs in Bridgend will tap into. The Storage Giant story continues to be one of steady, managed growth and we continue to expand our portfolio in 2023, with a new Storage Giant facility in development, in Nottingham, set to open this year with several more in the pipeline, including Stoke-on-Trent, Willenhall, Kidderminster…
Huge Self Storage Container Development Approved for Stockton Site
Scheme includes ‘up to 470’ steel shipping containers, access roads and a site office. The proposal will provide locally available and accessible storage units, which are mainly to be used by businesses and residents. In this respect, the proposal will support people in the local area by providing for their storage needs away from home.” A huge self-storage container scheme has been approved for Stockton. The development will see up to 470 steel shipping containers at a site off Junction Road. Stockton Council has granted permission for the scheme,…
Cheadle Self Storage Facility to Be Rebuilt After Fire
After being destroyed by fire in 2022, plans have been submitted to Stockport Council to rebuild a self storage facility off the A34 in Cheadle. Should Orbit’s plans be approved, construction on site is expected to directly support around 170 full-time equivalent jobs and add over £27 million into the local economy, falling to £12 million once the self storage facility is operational.” Site owners, Orbit Investments (part of the Emerson Group of companies, which includes commercial landlord Orbit Developments), have submitted plans to replace the Armadillo self storage warehouse…
Shurgard Self Storage S A : Makes Acquisition In Sweden
Shurgard Self Storage SA (“Shurgard”): Shurgard acquires three stores from Instorage in Stockholm region (Sweden) LUXEMBOURG – Shurgard, the largest developer, owner, and operator of self-storage facilities in Europe is pleased to announce the acquisition of three facilities from Instorage in Sweden, strengthening its leading position in rentable space in this market and Europe. Instorage was founded in 2015. The three acquired properties are purpose-built and located in and near the Stockholm urban area: Nacka (recently opened in July 2022), Tyresö, and Uppsala. They will be complementary to Shurgard’s existing…